Job Retention Bonus

Please see below the latest helpful information about the ‘Job Retention Bonus’ published in HMRCs monthly bulletin. This £1,000 bonus relates to employees who you have claimed furlough for that is still in your employment at the end of January 2021. You can read the full bulletin by clicking this link.

The Job Retention Bonus allows employers to claim a one-off payment of £1,000 for every employee they have previously received a grant for under CJRS and who remains continuously employed through to the end of January 2021.

To be eligible, the employee must have received earnings in November, December and January and must have been paid an average of at least £520 per month, a total of at least £1,560 across the three months.

Employers will be able to claim the bonus after they have filed PAYE information for January 2021, and the bonus will be paid from February 2021. For more information go to GOV.UK. More detailed guidance, including how you can claim the bonus online, will be available by the end of September.

What employers need to do now If employers intend to claim the Job Retention Bonus, they must:

• ensure all employee records are up to date.
• accurately report employees’ details and wages on the Full Payment Submission (FPS) through the Real Time Information (RTI) reporting system.
• make sure all CJRS claims have been accurately submitted and they have told us about any changes needed (for example if they’ve received too much or too little).

Please only contact us if you can’t find the information you need from GOV.UK. This will leave our phone lines and web chat service open for those who need them most. We encourage all employers to stay vigilant about scams, which may mimic government messages as a way of appearing authentic and unthreatening.

Go to GOV.UK for information on how to recognise genuine HMRC contact.